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DIANNE Joseph, president of the Trinidad and Tobago Coalition of Services Industries (TTCSI), has expressed the coalition's concerns over the government’s proposed 400 per cent increase in the amusement gaming tax, warning that the sharp rise could jeopardise the survival of many small- and medium-sized bars.
Speaking with Newsday on December 5, Joseph said a balanced approach that ensures industry viability while addressing regulatory requirements is essential at this time. This approach, she added, may result in a prosperous country and a satisfactory outcome for this sector.
"The TTCSI fears the proposed tax increase, from $6,000 to $25,000 per machine per year, could force numerous small businesses to close, resulting in job losses and broader social consequences," she said.
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